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Guide price

£60,000

2 bed flat for sale
Cheriton Close, Plymouth PL5

    • 2 beds

    • 1 bath

    • 1 reception

Leasehold
Reduced on 01/07/2025

About this property

  • Purpose Built Apartment

  • 2 Double Bedrooms

  • Lounge / Diner

  • Double Glazing

  • Gas Central Heating

  • Far Reaching Views

  • Currently Let at £680 pcm

  • Gross Yield of 13%

Guide Price of £60,000 to £70,000

Introducing this charming 2-bedroom apartment, a prime addition to your rental portfolio in the West Park neighbourhood of Plymouth.

Step inside, where you'll find a cosy lounge and dining area, a well-appointed kitchen, a family-sized bathroom, and two generously proportioned double bedrooms, ensuring comfortable living.

This property offers modern amenities such as efficient gas central heating and double-glazed windows. Additionally, its breath-taking far-reaching views add to the overall allure.

Currently, the apartment is leased under an assured shorthold tenancy, generating a monthly rental income of £680, resulting in an impressive gross yield of nearly 13%. Don't miss out on this fantastic investment opportunity.

Agent Note:

We may introduce buyers and sellers to our panel of carefully selected Conveyancers, Mortgage or surveyor services. The choice to use their services is entirely yours. If you opt to proceed, please be aware that we will receive an average referral fee of £120-£200 (including VAT) from the firm for the introduction. These firms have been chosen based on their strong local reputation and proven track record of excellence.

There's no obligation to use our recommended providers.

In accordance with current Anti-Money Laundering (aml) regulations, all prospective purchasers are required to provide valid identification documents before a sale can be agreed and solicitors formally instructed. To facilitate these checks, a one-off charge of £36 (inclusive of VAT) applies. We kindly request that this cost be covered by you as part of the purchase process.

In accordance with the Estate Agents Act 1979, we are obliged to disclose that the seller of this property is an employee/Family member of Francis Stuart.

More information

  • Tenure

    Leasehold (88 years)

  • Service charge

    £1,908 per year

  • Council tax band

  • Ground rent

    £10

  • Ground rent date of next review

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